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Bechtle logs second-best financial year since IPO in 2000

Revenues smash €4bn in 'exceptional' year for the Germany-based VAR

Bechtle has smashed through the €4bn revenue barrier for 2018, in what CEO Thomas Olemotz has described as its second best year of growth since its IPO almost 20 years ago.

Preliminary figures show that the Neckarsulm-based reseller has grown revenues by 21 per cent to €4.3bn, while earnings before taxes ballooned by 18 per cent to €193m.

Each quarter in its 2018 year delivered double-digit growth, claims Bechtle, with its recent Q4 posting a 26 per cent increase in revenues and an EBT growth of 28 per cent.

Its e-commerce business accounted for the "lion's share" of revenues in 2018, it claims, due to "customer demand and acquisitions".

"We are very pleased with the 2018 business year. The second strongest growth since our IPO, the biggest acquisition in the history of our company, our début on the MDAX and the introduction of our Vision 2030 are all indications of a truly exceptional year," said Olemotz.

Bechtle's strong end-of-year results follows similar positivity from other resellers operating in Germany. Computacenter's German business enjoyed nine per cent revenue growth last year, according to preliminary figures, as the group exceeded financial expectations for the year.

At the end of last year, Bechtle laid out plans to reach €10bn in revenues by 2030, almost triple its 2017 sales of €3.57m. Hitting the target will require Bechtle to add €495m to its top line each year. The preliminary figures show that Bechtle added €730m to its top line in 2018.

Bechtle's audited financial statements for 2018 will be published on 15 March.